Tesla Tumbles As Musk “Mystery Announcement” Appears To Disappoint

“The Wait is Over” now and Elon Musk’s big mystery announcement is reportedly a cheap Model 3 with a shorter range…


Electrek reports – just ahead of the unveil at 5pmET – that the automaker is now making several new versions of the Model 3 available with a shorter range and new interior options.

All the details are expected to become available in the next hour, but here what we know so far:

  • Customers are going to be to order the $35,000 Model 3 with a standard interior and 220-mile battery pack today

  • Tesla is also making a new “Partial Premium Interior” with better seats than the standard interior available with the standard battery pack for a $2,500 premium

Those two options are significantly bringing the price of Model 3 down:

This appears to have disappointed investors as TSLA shares are down after hours on the news as Musk’s mismanagement of expectations comes back to bite once again…

TSLA is now halted ahead of the actual news release.

via ZeroHedge News https://ift.tt/2Ue6vAb Tyler Durden

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